for compensation

for compensation
For a consideration. A test of the character of a company as a public utility; not the equivalent of "for profit." Mountain States Tel. Co. v Project Mut. Tel. & Electric Co. PUR 1916E 370. See for hire; for hire or compensation.

Ballentine's law dictionary. . 1998.

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  • for hire — A test applied in determining the character of a company as a public utility; a test by which a mutual company furnishing telephone service without profit held not to be a public utility. State ex rel. Buffum Tel. Co. v Public Service Com. 272 Mo …   Ballentine's law dictionary

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